Sunday, September 14, 2008

Banks across the United Arab Emirates are fighting to restore confidence in its banking system after hackers used counterfeit cards to withdraw funds from cash machines.

It's unclear how many customer accounts have hit by the attack much less how much money has been lost over the last three days, when the issue came to the fore. Local banks including Citibank, HSBC, Lloyds TSB, National Bank of Abu Dhabi and Emirates NBD have all issued statements.